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S&P 500 Dividend Powerhouse NextEra Energy Down 10% Amid Market Rally
S&P 500 Dividend Powerhouse NextEra Energy Down 10% Amid Market Rally
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BTCCSquare news:
NextEra Energy (NEE), a stalwart in the utilities sector, has seen its shares dip 10% from their 52-week high despite the S&P 500's 15% rally over the past year. The company's dividend yield now stands at 3%, significantly higher than the S&P 500's 1.2%, offering investors a rare opportunity to lock in a growing income stream.
The utility giant has consistently raised its dividend for three decades, boasting a 10% compound annual growth rate since 2007. With plans to invest $120 billion in U.S. energy infrastructure through 2027, NextEra Energy is poised for sustained earnings growth of 6% to 8% annually, backed by government-regulated rate structures and long-term contracts.
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